BALLET VERO BEACH INC

EIN: 461513558 501(c)(3) Arts, Culture & Humanities

Vero Beach, FL

Total Revenue
$737,135
Total Expenses
$596,095
Total Assets
$627,303
Net Assets
$578,974
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
FL
Principal Officer
Adam Schnell
Phone
7722691065
Tax Period
2024-06-01 to 2025-05-31

BALLET VERO BEACH INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $737K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $141K, a strong 19% operating margin.

Mission

The mission of Ballet Vero Beach is to promote the art of dance as a universal language in our community and beyond. We seek to accomplish this goal with performances by our professional company, the presentation of other dance artists, and through our education and community engagement initiatives.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $602,221
Program Service Revenue $117,419
Investment Income $6,785
Other Revenue $10,710
TOTAL REVENUE $737,135

Expense Breakdown

Grants Paid $0
Salaries & Benefits $428,263
Fundraising Expenses $33,320
Program Expenses $414,021
Other Expenses $167,832
TOTAL EXPENSES $596,095

Year-over-Year Comparison

2024 2023 Change
Revenue $737,135 $624,143 +0.2%
Expenses $596,095 $580,690 +0.0%
Net Income $141,040 $43,453 +2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
9
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$45,000
Total Directors
10
$40,000
Key Employees
2
$85,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Adam Schnell Artistic Director CEO and President 80
Officer Key Emp Highest
$45,000 $0 $45,000
Katherine Eppink Dancer Representative/Director of Marketing 40
Director Key Emp
$40,000 $0 $40,000
Shelly Jenkins Director 1
Director
$0 $0 $0
Stacey Lewis Director 1
Director
$0 $0 $0
Sue Sharpe Director 1
Director
$0 $0 $0
Anne Wallace Director 1
Director
$0 $0 $0
Lily O'Dare Director 1
Director
$0 $0 $0
Nick Bruce Director 1
Director
$0 $0 $0
Linda Downey Director and Board Chair 5
Officer Director
$0 $0 $0
Kelly Ward Director and Board Secretary 5
Officer Director
$0 $0 $0
Ahmet Bidav Director 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $737,135 $596,095 $627,303 $141,040
2024 $624,143 $580,690 $494,831 $43,453
2023 $527,730 $508,459 $402,299 $19,271
2022 $393,025 $385,811 $387,169 $7,214
2021 $290,655 $256,126 $362,781 $34,529
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